Beijing (ZXZC)- China’s auto-grade LiDAR supplier LiangDao Intelligence announced on November 4 the completion of its B1 financing round, which raised over 100 million yuan. 

Photo credit: LiangDao Intelligence

LiangDao Intelligence disclosed that the proceeds from the latest round will be put to the R&D of mass-produced auto-grade LiDAR products, accelerate the development and iteration of perception software algorithms, build fully automated production lines, ensure the quality of the company’s products, and further promote the overall mass production and application of auto-grade LiDAR system.

Notably, LiangDao Intelligence closed its Series A financing round in January 2022, which also raised the company over a hundred million yuan.

As a LiDAR supplier based in China and Germany, LiangDao Intelligence strives to promote the mass production and application of LiDAR systems in the intelligent driving and intelligent transportation fields.

The company offers a one-stop solution for automakers. Its services include LiDAR hardware integration, perceptual algorithm development, big data-based test and verification, and function iteration. The company possesses solid technical delivery ability in China and Europe.

After 5 years of R&D accumulation, LiangDao Intelligence has obtained project cooperation with well-known Chinese and European automakers, such as Great Wall Motor, Volkswagen, BMW, and Mercedes-Benz.

In May this year, the company launched its homegrown solid-state Flash LiDAR, LDSatellite™, marking the first of its kind nationwide. The product is scheduled for production validation in the first quarter of 2023.